Oportun Financial Inc (NASDAQ:OPRT) is expected to release quarterly earnings data after market close on Thursday, February 24. Analysts expect the company to report earnings of $0.62 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Shares of OPRT opened at $17.61 on Thursday. The 50-day moving average price of the stock is $19.28. The stock has a market capitalization of $499.91 million, a PE ratio of 12.76 and a beta of 1.26. Oportun Financial has a 1-year low of $15.36 and a 1-year high of $27.95.
A number of hedge funds and other institutional investors have recently changed their holdings in the company. Goldman Sachs Group Inc. increased its stake in Oportun Financial by 10.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 485,021 shares of the company worth $9,822,000 after purchasing an additional 45,747 shares during the period. Geode Capital Management LLC increased its equity stake in Oportun Financial by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 353,417 shares of the company valued at $7,156,000 after acquiring 12,533 additional shares in the last quarter. Marshall Wace LLP bought a new position in shares of Oportun Financial in Q4 worth approximately $3,789,000. Citadel Advisors LLC increased its equity stake in Oportun Financial by 466.1% in the fourth quarter. Citadel Advisors LLC now owns 173,999 shares of the company valued at $3,524,000 after acquiring an additional 143,265 shares in the last quarter. Finally, Millennium Management LLC purchased a new stock position in Oportun Financial in Q4, valued at approximately $2,936,000. Institutional investors hold 72.66% of the company’s shares.
OPRT has been the subject of a number of recent research reports. Zacks Investment Research upgraded Oportun Financial from a “hold” rating to a “buy” rating and set a price target of $22.00 for the stock in a Saturday, January 22 research note. Barclays cut its price target on Oportun Financial from $28.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday January 10. JPMorgan Chase & Co. upgraded Oportun Financial from a “neutral” rating to an “overweight” rating and lowered its price target for the company from $27.00 to $23.00 in a Wednesday 19 research note. January. Finally, JMP Securities raised its price target on Oportun Financial from $26.00 to $30.00 and gave the company a “market outperforming” rating in a Monday, Nov. 8 research note. Five research analysts have rated the stock with a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $25.80.
About Opportun Financial
Oportun Financial Corporation provides financial services in the United States. It offers personal loans, car loans and credit cards. The company serves its customers online and by telephone, as well as through point of sale. Oportun Financial Corporation was founded in 2005 and is headquartered in San Carlos, California.
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